Review Is The5ers a Good Project?
Key Takeaways
- The5ers has been serving prop traders since 2016 and promotes safe and responsible trading practices. They also have a large, active trader community that has been working with them for a long time
- Successful traders can earn a profit share from 50% to up to 100%. There’s no restriction on trading style or assets. Also, they offer multiple programs targeting prop traders of various skill levels
- Our review of The5ers covers all the programs, profit share, rules, pros and cons
About The5ers
The5ers belongs to Five Percent Online LTD, an Israeli corporation.
The5ers was established in 2016 by a professional trader named Gil Ben Hur. The current CEO is Saul Lokier, though the founder, Gil Ben Hur, is still involved at the management level. The other members of the leadership team include Yaniv Elvaz (COO), Georgy Glazer (CTO), and Chen Shlomo (HF).
| Name | The5ers |
| Website | the5ers.com |
| Company | FIVE PERCENT ONLINE LTD. |
| Address | HaHaroshet St 14, Ra’anana, Israel |
| CEO | Saul Lokier |
| Founder | Gil Ben Hur |
| Founded | 2016 |
| Contact | Live Chat, Mail |
| [email protected] | |
| Phone Number | not available |
| Starting Capital | $5,000 to $250,000 |
| Profit Share | 50% to 100% |
| Evaluation | 0 days |
| Fee | $39 to $850 |
| Payment Methods | Credit Card, Crypto, Wire Transfer |
| Instruments | CFDs |
| Platform | MetaTrader 5 |
| Withdrawals | twice per month |
| Languages | English, Spanish, Arabic |
Five Percent Online Ltd (the parent company) launched a second prop trading platform focused on stocks (Trade The Pool). Gil Ben Hur founded the platform, while Michael Katz handles the day-to-day operations. The prop firm has largely positive reviews on TrustPilot and social media.
Safety and Regulation
They use multiple risk management measures to encourage traders to trade responsibly. They also have algorithms to detect unusual activity that might indicate account compromise. In that case, the account might be paused or permanently banned.
The5ers use standard safety measures such as encryption for data transmission and firewalls and protection against cyberattacks. They also don’t require sensitive data during signup to reduce the risk of leaks. They aren’t regulated as they don’t handle the clients funds directly.
Accepted Countries
The5ers offer their services globally. You can register from almost any country you want. However, countries under UN sanctions, like Russia and Belarus, are excluded from their platform. Here’s availability for the most important countries.
- Australia: Yes, registration is possible
- Canada: Yes, registration is possible
- Ghana: Yes, registration is possible
- Hong Kong: Yes, registration is possible
- India: No, registration isn’t possible
- Ireland: Yes, registration is possible
- Kenya: No, registration isn’t possible
- New Zealand: Yes, registration is possible
- Nigeria: Yes, registration is possible
- Pakistan: Yes, registration is possible
- Philippines: Yes, registration is possible
- Singapore: Yes, registration is possible
- South Africa: Yes, registration is possible
- United Kingdom: Yes, registration is possible
- United States: No, registration isn’t possible
Evaluation Process
This process is used to evaluate your trading skills. They have different account types at The5%ers for traders. The bootcamp program is very affordable and targeted towards novice traders.
The High Stakes program requires a two-stage evaluation and targets experienced traders looking to make maximum profit.
The Hyper Growth gives you instant funding for a fee. This program is for those traders with the required trading skills to succeed and who want to start trading without an evaluation test.
- Bootcamp
- Hyper Growth
- High Stakes
Bootcamp
You’ll need to start with a demo account and try to consistently hit profit targets without breaking the trade challenge rules. If you reach your profit target and pass the evaluation test, you will get a funded Forex account and be eligible for the scaling plan.
The 20K USD account is a low-risk evaluation program as you can start trading without paying an upfront fee (payment after passing).
| Starting Capital | $20,000 | $100,000 | $250,000 |
| Profit Target | $1,200 | $6,000 | $15,000 |
| Maximum Daily Loss | – | – | – |
| Maximum Loss | $1,000 | $5,000 | $12,500 |
| Minimum Trading Days | – | – | – |
| Fee | Not available | $95 | $225 |
Hyper Growth
With this trader program, you don’t need to go through an evaluation test as you can buy a funded trading account (($10,000, $20,000, or $40,000)) with a one-time fee.
You can also scale your account up to 4 million USD to boost your forex trading career.
The program requires your funded forex account to hit the profit target of 10% at each level to scale up your account. Also, the profit percentages keep increasing with a potential to reach 100%.
| Starting Capital | $10,000 | $20,000 | $40,000 |
| Profit Target | $1,000 | $2,000 | $4,000 |
| Maximum Daily Loss | $300 | $600 | $1,200 |
| Maximum Loss | $600 | $1,200 | $2,400 |
| Minimum Trading Days | – | – | – |
| Fee | $260 | $450 | $850 |
High Stakes
The high-risk, high-reward funding program is for experienced traders who are confident in their pro trading skills. It offers a two-step evaluation on a demo account with options for $5K, $20K, $60K, or $100K in starting capital.
The profit target is 8% in the first stage and 5% in the second stage. If you achieve that, you can start trading on a live funded account.
After that, you’ll need to maintain a consistent 10% for scaling the account. The challenge has no time limit. You can also withdraw a refund after passing the second stage.
| Starting Capital | $5,000 | $20,000 | $60,000 | $100,000 |
| Profit Target | $400 | $1,600 | $4,800 | $8,000 |
| Maximum Daily Loss | $250 | $1,000 | $3,000 | $5,000 |
| Maximum Loss | $500 | $2,000 | $6,000 | $10,000 |
| Minimum Trading Days | 3 | 3 | 3 | 3 |
| Fee (refundable) | $39 | $165 | $300 | $495 |
Profit Target
To advance through the evaluation tests and scale your account, you’ll need to hit specific profit targets. To get a funded account, you need to achieve 6% profit for the boot camp program.
Once you have done that, the profit target will drop to 5% for scale-ups.
In the hyper-growth program, you must consistently reach a 10% profit target to keep scaling your account.
In the high-stakes program, the profit target for level 1 is 8% and 5% for the next level. After that, it’s flat 10% to keep scaling up.
Profit Split
The Forex prop trading firm believes that successful traders deserve greater rewards and thus has kept a tiered profit split system. You’ll start with a 50% profit split in the Bootcamp and Hyper Growth programs.
When you scale up your account by meeting the profit target, you can increase your account to a 75% split. At the top, you can keep 100% of the profit with the scaled account.
The High Stakes program starts with an 80% profit split and offers the same path to reach 100% to the traders.
Trading Period
From our experience, there is no trading period within which you have to achieve your targets. This gives you flexibility while trading.
Minimum Trading Days
There are no universal minimum trading days, like having to trade for a certain number of days. However, the condition is that you must have at least three profitable days.
That’s because they want traders who can profit consistently. So, it can be said that the minimum trading days are three successful trading days.
Maximum Daily Loss
Daily max loss is a loss protection feature that prevents significant potential losses in a single day. If you hit the daily loss limit, all your current trades are automatically closed to prevent further losses. You can resume activities the next day.
The daily drawdown limit for boot camp and hyper-growth funded accounts is 3%, which increases to 5% for the high-stakes funded account.
Maximum Loss
The Maximum loss feature is a safety net to protect the funding company from excessive losses. It’s calculated as a fixed percentage of the initial account balance, no matter how much profit you make.
For most boot camp entry programs, the maximum loss is 5% of the capital. Only the 100K bootcamp account has a maximum loss amount set at 4%.
For Hyper Growth, it’s a flat 6%; for the High Stakes account, it’s 10%.
Maximum Position Size
The5ers prop trading firm allows a maximum trade size of 2% of your account balance.
However, it would help if you took smaller positions to manage risk and avoid crossing the daily drawdown limit. Also, you can’t open orders without a stop loss.
Maximum Capital Allocation and Multiple Accounts
The maximum capital allocation is 4 million USD. Your entry program depends on how quickly you can scale to the maximum amount.
It takes the longest with the boot camp program while the shortest with the high stakes program.
In the High Stakes program, you’ll have only two accounts (one $5K and one other size). For Hyper Growth, your total starting capital across all active accounts can’t exceed $40K.
Bootcamp allows three active accounts, including one $250K and two $100K accounts. Each account must use a different trading method.
Trading Types
From our experience, you can trade these types of assets:
- Foreign exchange (Forex)
- Indices
- Precious metals
- Were
- Cryptocurrencies
However, there can be slight asset differences based on your entry program.
Leverage
Leverage allows you to trade with a larger amount of money in your account. For example, with 1:100 leverage, every $100 in your account gives you the buying power of $10,000. The High Stakes account gives you high leverage and the option to earn profit quickly. Here’s the leverage power for each program:
- Bootcamp Account: 1:10
- Hyper Growth Account: 1:30
- High Stakes Account: 1:100
Trading Style
They don’t have any restrictions on any kind of trading style. So, you can choose whatever strategy suits you best.
Trading Hours
The trading hours depend on what kind of instruments you’re using.
Forex (Major Currency Pairs):
- Monday – Friday: 12:05 a.m. – 11:59 p.m.
- Closed Saturday & Sunday
Metals (Gold, Silver):
- Monday – Friday: 1:05 a.m. – Midnight
- Closed Saturday & Sunday
Indices (e.g., S&P500, DAX40):
- Monday – Friday: 1:05 a.m. – 11:50 p.m.
- Closed Saturday & Sunday
Cryptocurrencies:
- Daily: Midnight – Midnight (24/7 trading)
Commodities:
- Monday – Friday: 1:05 a.m. – Midnight
- Closed Saturday & Sunday
News Trading
News trading isn’t banned; you can place trades even during major news events.
However, in the high-stakes program, they don’t allow trades before and after 2 minutes of major economic news.
Weekend and Overnight Trading
Both weekend and overnight trading are allowed, as you can keep open positions at the closing time. However, the prop firm warns that the effects of these trading, such as rollover swap conditions, spread conditions, volatility, and liquidity, are your own responsibility.
Expert Advisor
The5ers expect you to prove your trading skills and improve yourself. So, even though they allow expert advisors, you can’t use tools that copy other traders, execute lightning-fast scalps, or exploit price discrepancies between markets. If the tool is caught doing these, your account will be closed permanently.
EAs are turned off between 23:00 and 01:00 GMT+3 to prevent EAs from doing strange things by themselves, as these are quiet hours.
Copy Trading
Copy trading is allowed with some conditions. You can copy both external and internal trades if they are done manually.
However, after the account reaches the capital of 500K USD, you can no longer copy trades.
Trading Platforms
During the experiment with the program, we learned that they offer only one trading platform, MetaTrader 5 (MT 5). MT5 is the most advanced and popular trading platform, especially for forex trading. It offers far more features and capabilities than its older sibling, MT4.
Trading Instruments
There are a lot of options, from trading currencies to cryptocurrencies. Here are the full list of trading instruments you can trade with:
- Forex: EUR USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, NZD/USD
- Indices: US30, SP500, DAX40, UK100, JPN225
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, Tether, USD Coin
- Precious Metals: Gold, Silver
- Commodities: Oil, Wheat
We listed The5ers in the Top 3 Prop Trading Firms without Evaluation.
Brokers
The5ers connect you directly with large financial institutions (liquidity providers). They are their brokers. However, they have not yet released the list of brokers they use. While more transparency in this case would be appreciated, some prop firms keep their brokers’ names hidden.
Other Products
Here are some other products that they offer to the traders:
- Daily Live Trading Room
- Trading Performance Statistics
- Free Webinars
- Real-Time Trading Notifications
- Risk Management and Trading Plan Education
- Free 1-on-1 Performance Coaching
- Extensive Reading Resources
- Trader Community
Daily Live Trading Room
The firm connects with the trading community four times a week. Everyone collaborates to analyze the markets in real time, ask questions, share perspectives, and find profitable potential trading opportunities.
Trading Performance Statistics
When we tried this product, we learned that there’s a personal dashboard for you to present your trading progress with stats and insights. That makes it easy to monitor your progress.
Free Webinars
They offer free webinars where the experts teach you about strategies like supply and demand, scalping, swing trading, and risk management.
Real-Time Trading Notifications
You can receive instant email notifications about crucial market events and updates. It helps you make the right decision in time.
Risk Management and Trading Plan Education
You can access their prop Trading Course to learn all about trading and upgrade your skills. They teach you essential trading skills like planning, advanced risk management techniques, and trading psychology.
Free 1-on-1 Performance Coaching
You can get personalized support with free 1-on-1 performance coaching. They offer you the opportunity to work with a Portfolio Analyst to analyze your trading performance and statistics, overview your trading plan, and become a successful trader.
Extensive Reading Resources
The5%ers also aims to educate traders in the basics and advanced concepts of prop trading. In the blog section there are some excellent articles to learn about trading theory and practices.
Trader Community
Here, you can connect with other traders, ask them questions, and also seek help from them.
Prices and Challenge Fees
The smallest bootcamp account ($20,000) is entirely free to try. You can sign up and trade the5ers capital without any risk.
If you pass the evaluation test, you have to pay a fee of $205 to unlock your funded account.
For hyper-growth and High stakes programs, you must pay an upfront fee based on your chosen account. If you pass the challenge with High Stakes, then your fee will be refunded.
| Program | Account Size | Initial Fee | Fee After Passing |
| Bootcamp | $20,000 | $0 | $205 |
| Bootcamp | $25,000 | $95 | $205 |
| Bootcamp | $100,000 | $225 | $350 |
| Hyper Growth | $10,000 | $260 | – |
| Hyper Growth | $20,000 | $450 | – |
| Hyper Growth | $40,000 | $860 | – |
| High Stakes | $5,000 | $39 (Refunded) | – |
| High Stakes | $20,000 | $165 (Refunded) | – |
| High Stakes | $60,000 | $300 (Refunded) | – |
| High Stakes | $100,000 | $495 (Refunded) | – |
Payment Methods and Payout System
We have found from using this product that direct bank transfers, cryptocurrencies, and all major cards are accepted for deposits. You can request a payout every 14 days. The ‘request payout’ button is in your hub. The payout cycle will be reset every time you scale your account.
You can receive payouts through Wise, bank transfers, The5ers VISA cards, and cryptocurrencies.
Registration and KYC
Here’s the registration process for opening a new account:
- Visit The5ers website.
- Find the “Quick Start” button (top right corner).
- Click “Create an Account” (located below the existing customer login).
- Enter your name and email address.
- Create a password.
- Agree to the terms and conditions.
- Click “Sign Up.”
- Open the welcome email from The5ers.
- Click the verification link in the email.
- You’ll be taken to your dashboard.
- Choose your evaluation program and account size.
- Pay the required fee.
Before you get a funded account, you’ll need to go through the KYC verification. You’ll need to provide your government-issued photo ID and an official document with your name and address for proof of address. Then, you’ll be given a contract regulating the relationship between you and the prop firm.
Discount and Promo Code
From our experience, the Israeli company rarely offers promos or discounts to users. For now, you have to pay the full fee to participate in the program.
Free Trial and Demo Account
There’s no free trial or demo account in the traditional sense, but there’s an option for free trading. The 20k USD bootcamp account can be used for trading without investing money.
If you pass the evaluation test, you have to pay the full fee to unlock the fully funded account. So, it’s not exactly free, but it offers a good option for new traders to try their skills.
Mobile App
There’s no mobile app for The5ers. However, they have a mobile-friendly website that you can access from your smartphone and use for trades.
Customer Service and Support
Our findings show that customer service is available only on weekdays with specific hours. They are open Monday through Thursday from 7 a.m. to 5 p.m. and Friday with shorter hours from 7 a.m. to 12 p.m.
You can reach them through email, a contact form on their website, or the live chat feature. They don’t offer a telephone hotline. The response time in live chat is a few minutes, while tickets and emails can take a bit longer.
Taxes
You are responsible for paying taxes on the profits you earn from the prop firm. They are not liable for your taxes. So, learn or consult an expert about the tax rules on profit from prop firms in your country. Learn more in our dedicated guide about “Prop Trading Taxes“.